FICC Focus Arini’s Lemssouguer on Dislocated European Credit: Credit Crunch
Jan 27, 2025
Hamza Lemssouguer, Founder and CIO of Arini Capital Management, shares his insights on the evolving European credit market. He discusses how low-interest-rate debt is maturing and traditional financing is retreating, creating opportunities in high yield credit. Lemssouguer elaborates on the balance between long and short investment strategies and the intricacies of managing risks. He also highlights his strategies in Collateralized Loan Obligations and the importance of thorough credit selection amidst changing market dynamics. Plus, a peek into his childhood passion for bird conservation adds a personal touch.
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Hamza's Career Journey
- Hamza Lemssouguer's career began at Credit Suisse in leveraged finance, focusing on high-yield debt.
- He later founded Arini Capital Management, a credit-focused alternative asset manager.
Team Dynamics and Trust
- Building trust and understanding biases within a team is crucial for successful investing.
- Hamza emphasizes the importance of team continuity and shared experience at Arini.
Arini's Investment Philosophy
- Arini Capital Management combines fundamental research with instrument selection and structuring.
- They emphasize flexibility in their investment approach, adapting to market dynamics and sector cycles.